Salt Lake City once again ranks among the best U.S. cities for investing in rental properties.
All Property Management, a trade group for those who own and manage apartments and single-family rental homes, says Utah’s capital is the sixth best urban market for rental investments among Western cities.
And it rates as the ninth best market in the nation, the group says in its Rental Ranking Report reflecting the first three months of 2015.
As it did in 2013, when Salt Lake City placed high on its list, Seattle-based All Property Management credits the city’s healthy yearly job growth — which the group puts at 2.75 percent — and historically low vacancy rates for rentals, pegged at 5.2 percent.